Hibbett, Inc. (NASDAQ:HIBB) Given Consensus Rating of "Hold" by Brokerages

Hibbett, Inc. (NASDAQ:HIBB - Get Free Report) has earned an average recommendation of "Hold" from the seven ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $67.86.

A number of research firms recently weighed in on HIBB. Williams Trading reaffirmed a "hold" rating and issued a $73.00 price target on shares of Hibbett in a report on Monday, March 18th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $74.00 price target (down previously from $82.00) on shares of Hibbett in a report on Monday, March 18th. B. Riley upped their price target on Hibbett from $60.00 to $70.00 and gave the stock a "neutral" rating in a report on Monday, March 18th. Finally, Monness Crespi & Hardt upped their price target on Hibbett from $72.00 to $82.00 and gave the stock a "buy" rating in a report on Monday, March 18th.

Hibbett Stock Up 0.7 %

Shares of HIBB traded up $0.47 during mid-day trading on Tuesday, reaching $70.77. The company had a trading volume of 302,311 shares, compared to its average volume of 238,360. Hibbett has a 52-week low of $34.86 and a 52-week high of $83.00. The stock has a market capitalization of $835.09 million, a P/E ratio of 8.64, a PEG ratio of 1.16 and a beta of 1.75. The stock has a 50 day moving average of $74.09 and a two-hundred day moving average of $64.67.

Hibbett (NASDAQ:HIBB - Get Free Report) last issued its earnings results on Friday, March 15th. The company reported $2.55 EPS for the quarter, topping analysts' consensus estimates of $2.54 by $0.01. Hibbett had a return on equity of 25.72% and a net margin of 5.97%. The firm had revenue of $466.60 million for the quarter, compared to the consensus estimate of $477.42 million. During the same quarter in the prior year, the business earned $2.91 earnings per share. The company's revenue was up 1.8% compared to the same quarter last year. On average, sell-side analysts expect that Hibbett will post 8.21 earnings per share for the current year.

Hibbett Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Thursday, March 21st were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, March 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.41%. Hibbett's payout ratio is currently 12.21%.

Hedge Funds Weigh In On Hibbett

A number of hedge funds have recently made changes to their positions in HIBB. SummerHaven Investment Management LLC increased its holdings in shares of Hibbett by 0.8% in the fourth quarter. SummerHaven Investment Management LLC now owns 19,671 shares of the company's stock valued at $1,417,000 after purchasing an additional 158 shares during the last quarter. Amundi increased its holdings in shares of Hibbett by 15.2% in the fourth quarter. Amundi now owns 1,222 shares of the company's stock valued at $87,000 after purchasing an additional 161 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Hibbett by 0.7% in the fourth quarter. Legal & General Group Plc now owns 34,839 shares of the company's stock valued at $2,509,000 after purchasing an additional 251 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Hibbett by 4.5% in the first quarter. Mercer Global Advisors Inc. ADV now owns 5,973 shares of the company's stock valued at $352,000 after purchasing an additional 257 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Hibbett by 2.7% in the third quarter. LPL Financial LLC now owns 9,940 shares of the company's stock valued at $472,000 after purchasing an additional 258 shares during the last quarter. Institutional investors and hedge funds own 94.08% of the company's stock.

About Hibbett

Hibbett, Inc together with its subsidiaries, engages in the retail of athletic-inspired fashion products in the United States. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, team sports equipment, and related accessories. The company operates Hibbett stores, City Gear stores, and Sports Additions athletic shoe stores.